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ReWalk Robotics (RWLK) Posts Breakeven Q2 Loss

August 4, 2016 6:56 AM

ReWalk Robotics (NASDAQ: RWLK) reported Q2 EPS of $0.00, which may not compare with the analyst estimate of ($0.53). Revenue for the quarter came in at $817 thousand versus the consensus estimate of $1.95 million.

Based on the increase in rental unit placements during the second quarter, we believe a portion of our revenue dollars have shifted to subsequent quarters, and as a result we are providing top line guidance of approximately $1.3 million for the third quarter of 2016 and a range of $6.2 million to $7.0 million for the full year. The timing of certain key business catalysts during the second half of 2016, such as placements in our international markets, timing of reimbursement decisions, rental unit conversions and larger orders to support the VA research study may shift from quarter to quarter.

For earnings history and earnings-related data on ReWalk Robotics (RWLK) click here.

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